Featured News
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AICPA backs bill that would add accounting to STEM program
The AICPA has strongly endorsed a bipartisan House of Representatives bill that would add accounting to the STEM education program.
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Survey: Two-thirds of Gen Z adults feel unprepared for financial future
A recent survey of U.S. adults found that two-thirds of Gen Z adults are not confident in their understanding of personal finance.
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FASB sets clock for derivatives rules update
The FASB voted to adopt a proposed update to its GAAP standards for derivatives, which will take effect in less than a year.
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AICPA recommends changes to GST tax exemption rules
In a letter to the IRS, the AICPA recommended changes to the final regulations for generation-skipping transfer (GST) exemption and certain GST elections.
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Safeguarding your clients from cyber threats during tax season
CPAs play an increasingly crucial role during tax season — not just by navigating tax filings and compliance but also by helping clients safeguard their financial data from cyber threats.
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IRS: Average tax refund up nearly 4% from last year
More than 61.5 million Americans have received their annual tax refunds from the IRS, with the average filer getting back about 4% more than they did last year.
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Study: Wisconsinites least likely to procrastinate on taxes this year
A recent study of state taxpayers finds that Wisconsinites are the least likely to procrastinate on filing their taxes in 2025.
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Treasury to eliminate paper checks for federal government
President Donald Trump recently signed an executive order calling on the federal government to phase out the use of paper checks and switch to electronic payments by Tuesday, Sept. 30.
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US employers added 228K in March, nearly double expectations
The Associated Press recently reported that U.S. employers added a surprising 228,000 jobs last month as the American labor market continues to show resilience.
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FASB clarifies retainage rules for contractors
The FASB has released a staff educational paper to clarify the application of its revenue recognition standard, Topic 606, regarding retainage in construction contracts.